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Griffon to pay down revolver with $125 million add-on notes’ proceeds
By Wendy Van Sickle
Columbus, Ohio, May 13 – Griffon Corp. plans to repay a portion of the borrowings outstanding under its revolving credit facility with an add-on offering of $125 million of senior notes due 2022, according to a press release.
Subsequently Griffon said, it may reborrow amounts repaid under the revolver for general corporate purposes, including acquisitions and share repurchases.
Griffon is a New York-based management and holding company that conducts its business through three segments: home and building products, telephonics and plastics.
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